Analysts Anticipate CNH Industrial NV (CNHI) Will Announce Earnings of $0.08 Per Share
Brokerages expect CNH Industrial NV (NASDAQ:CNHI) to report earnings of $0.08 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CNH Industrial NV’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.09. CNH Industrial NV posted earnings per share of $0.05 during the same quarter last year, which would indicate a positive year over year growth rate of 60%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 31st.
On average, analysts expect that CNH Industrial NV will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.50. For the next fiscal year, analysts expect that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.55 to $0.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow CNH Industrial NV.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the company earned $0.05 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, July 5th. Seaport Global Securities upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. TheStreet upgraded shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $11.50 price objective on shares of CNH Industrial NV in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.31.
Shares of CNH Industrial NV (NASDAQ CNHI) traded up 4.96% during midday trading on Tuesday, reaching $12.70. 5,380,392 shares of the company traded hands. CNH Industrial NV has a 12 month low of $7.09 and a 12 month high of $12.83. The firm has a market capitalization of $17.32 billion and a P/E ratio of 40.97. The company has a 50 day moving average of $11.95 and a 200 day moving average of $11.43.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in CNH Industrial NV by 1.6% during the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after acquiring an additional 199 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in CNH Industrial NV by 4.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock valued at $110,000 after acquiring an additional 415 shares during the last quarter. Stifel Financial Corp boosted its stake in CNH Industrial NV by 0.9% during the 2nd quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock valued at $933,000 after acquiring an additional 741 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in CNH Industrial NV by 5.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock valued at $260,000 after acquiring an additional 1,176 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in CNH Industrial NV by 8.4% during the 1st quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after acquiring an additional 1,329 shares during the last quarter.
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CNH Industrial NV Company Profile
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.
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